Niyi Adedoyin - 16 Feb 2022 Form 4 Insider Report for GATX CORP (GATX)

Role
SVP & CIO
Signature
Lisa M. Ibarra, by Power of Attorney on behalf of Niyi Adedoyin
Issuer symbol
GATX
Transactions as of
16 Feb 2022
Net transactions value
-$51,110
Form type
4
Filing time
18 Feb 2022, 15:57:57 UTC
Previous filing
04 Feb 2022
Next filing
27 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GATX Common Stock Award $0 +1,637 +166% $0.000000 2,622 16 Feb 2022 Direct
transaction GATX Common Stock Tax liability $51,110 -480 -18% $106.48 2,142 16 Feb 2022 Direct
holding GATX Common Stock 401(k) 3,569 16 Feb 2022 401(k) F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 GATX Corporation's 401(k) plan is a unitized stock fund made up of company stock plus short term investments. Because the fund includes more than company stock, participants hold units of the fund rather than company shares of stock. The number of units held by a participant may vary depending on the performance of the company stock, the overall stock market, and the amount of short term investments in the fund. Such a variance has caused the value of the units in the reporting person's 401(k) fund to be reduced without any actual disposition of shares.